Management of the LLC (SRL/BV)
I. Structure The board of directors manages the company and takes all decisions relating to its operation. A limited liability company may have both default and collegiate management (art. 5:70 BCCA). Default management will be exercised by one or more directors with full powers. Collegial management, as the name implies, will be exercised by a collegial board of directors, whose [...]
Allocation of shares with vesting, stock options and virtual stock options
Giving a start-up's staff the opportunity to benefit from its value growth is generally seen as an effective way to alleviate initial cash flow requirements while increasing employee buy-in and motivation. There are several techniques to achieve this: the allocation of shares; the assignment of a debt due at the time of the sale of the business. In practice, this [...]
Grant different rights to shareholders in the same limited liability company SRL
It is indeed possible to create what will be called different classes of shares, provided, of course, that very strict conditions are met. The rights attached to the shares are not necessarily proportional to the value of the shareholder's contribution. Thus, it is possible to provide in the articles of association that between the different classes of shares : - [...]
The liability of the directors of the legal person
According to article 2:56, paragraph 1 of the CSA, "The [directors] are liable to the legal person for faults committed in the performance of their duties. The same applies to third parties insofar as the fault committed is of an extra-contractual nature. However, they are only liable for decisions, acts or behaviour which manifestly exceed the margin within which normally [...]
Events! 17.11.2022 – The transfer of business for all in small committee
A didactic and user-friendly overview of an essential theme for enhancing the potential of your entrepreneurial project https://www.eventbrite.be/e/billets-la-cession-dentreprise-pour-tous-en-petit-comite-438972768367
What are the limitations on the power of the administrative body?
"Internal" restrictions (= affecting the power to take a decision) Restrictions may affect the powers of directors (allocation of competences between directors by decision of the GM or the board of directors, powers reserved to the GM by the articles of association,...). However, they cannot be invoked against third parties even if they are published (unless it is proven that [...]
The right of withdrawal
A consumer who has concluded a distance or off-premises contract, on an e-shop for example, has a withdrawal period that allows him to change his mind and withdraw from this contract without having to justify his choice. This option is provided for by law, so e-shops cannot escape it. You will find in this note the main information about [...]
Constitution of an SRL
read more about the SRL
How to prove a legal act? New provisions on evidence!
Since 1 November 2020, new rules govern the law of evidence. A specific regime is provided for the proof provided by and against the undertakings.
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